Styrax Capital, LP

Fundamental concentrated ★Signal CIK 1904897
League rank
#333
in Fundamental concentrated · #736 overall
Long book
$1.43B
Q1 2026
Positions
17
Top-10 weight
80%
concentration
Last quarter
+18.6%
SPY +14.8%
Turnover
38%
of book per quarter

Strategy in plain words

auto-generated from filings

Styrax Capital, LP is a concentrated fundamental stock-picker, running a $1.43B US long book across 17 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: AMAZON.COM INC, META PLATFORMS INC-CLASS A, MASTERCARD INC - A, NVIDIA CORP, ALPHABET INC-CL A.

Over the last 9 quarters its long book ran on average 1pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+4.8%
Q2 2024
+3.3%
Q3 2024
+9.7%
Q4 2024
-2.7%
Q1 2025
+24.1%
Q2 2025
-1.0%
Q3 2025
-4.2%
Q4 2025
-3.8%
Q1 2026
+18.6%

Sector allocation

Technology
58%
Consumer discretionary
21%
Services media
8%
Industrials
6%
Communications
5%
Healthcare
2%

Long book by quarter

$1.39B
Q1 2024
$1.31B
Q2 2024
$891.6M
Q3 2024
$1.18B
Q4 2024
$1.07B
Q1 2025
$1.40B
Q2 2025
$1.36B
Q3 2025
$1.31B
Q4 2025
$1.43B
Q1 2026

What does Styrax Capital, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AMZN AMAZON.COM INCConsumer discretionary1.0M$208.3M14.5%-1.6%
META META PLATFORMS INC-CLASS ATechnology308.0K$176.2M12.3%+5.7%
MA MASTERCARD INC - AServices media225.0K$112.4M7.9%-0.4%
NVDA NVIDIA CORPTechnology600.0K$104.6M7.3%-24.1%
GOOGL ALPHABET INC-CL ATechnology350.0K$100.6M7.0%+24.3%
LITE LUMENTUM HOLDINGS INCTechnology140.0K$98.4M6.9%+3.6%
CVNA CARVANA COConsumer discretionary300.0K$94.3M6.6%+33.2%
VRT VERTIV HOLDINGS CO-ATechnology350.0K$87.7M6.1%-11.5%
AXON AXON ENTERPRISE INCIndustrials200.0K$84.9M5.9%New
SPOT SPOTIFY TECHNOLOGY SACommunications150.0K$72.7M5.1%+32.5%
KEYS KEYSIGHT TECHNOLOGIES INTechnology250.0K$70.6M4.9%New
AMAT APPLIED MATERIALS INCTechnology200.0K$68.4M4.8%New
NET CLOUDFLARE INC - CLASS ATechnology200.0K$41.3M2.9%New
FN FABRINETTechnology75.0K$39.1M2.7%-33.6%
SITM SITIME CORPTechnology90.0K$31.1M2.2%-0.1%
GH GUARDANT HEALTH INCHealthcare300.0K$27.7M1.9%+6.5%
MDB MONGODB INCTechnology55.0K$13.5M0.9%-45.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202617$1.43B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202617$1.31B canonicalSEC ↗
Q3 202513F-HRNov 14, 20259$1.36B canonicalSEC ↗
Q2 202513F-HRAug 14, 202510$1.40B canonicalSEC ↗
Q1 202513F-HRMay 15, 20259$1.07B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202511$1.18B canonicalSEC ↗
Q3 202413F-HRNov 14, 20247$891.6M canonicalSEC ↗
Q2 202413F-HRAug 14, 202413$1.31B canonicalSEC ↗
Q1 202413F-HRMay 15, 202418$1.39B canonicalSEC ↗